Results of the meeting in Brussels of euro-zone finance ministers on the release of a delayed installment of bailout funds for Greece are likely to provide a backdrop events taking place in the region Tuesday.

Mojmir Hampl, a vice governor of the Czech National Bank, is to speak at a business conference in Prague Tuesday where he may share shed some light on possible forex intervention by the bank, potentially to weaken the Czech koruna.

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Citing tame inflationary pressures and a weakening economy, the Czech central bank two weeks ago cut its headline interest rate to 0.05%, a record low. It also said it might use currency market interventions as a tool to loosen monetary conditions through a weakened koruna, which in turn would make Czech exports cheaper when sold abroad.

Poland’s industrial production data for October is expected to show that output expanded, although mainly due to statistical factors. Adjusted data will likely show that Poland’s automotive sector is under strong pressure amid a scaling back of production at factories owned byFiat SpA andGeneral MotorsCo. in the south of the country.

Financial markets in Hungary are likely to continue digesting the government’s latest slate of tax measures designed to bring the budget deficit next year comfortably below the European Union’s 3% tolerance level.

While the steps are planned to bring the budget shortfall to 2.7% of gross domestic product, they are likely to put a dampener on growth and could depress the earnings of companies such as retail bank OTP Nyrt., oil and gas company MOL Nyrt. and telecom companyMagyar Telekom Nyrt.

Also in Prague, MeroCR, an operator of crude oil pipelines in the Czech Republic and Germany wholly owned by the Czech government, is to announce what it describes as a strategic foreign acquisition, scheduled for Tuesday afternoon.

OTHER NEWS

CZECH REPUBLIC: International paper and packaging firm Mondi Plc said Monday it has entered into consultations with employees and their representatives about the proposed closure of the one hundred thousand ton recycled containerboard mill in Ceske Budejovice, Czech Republic.

HUNGARY: The Hungarian parliament approved Monday night a set of tax measures aimed at keeping next year’s budget shortfall below the EU limit. The slate of measures include a tax by the meter on wires and pipelines owned by private firms including telecom, energy and sewage companies, and a financial transaction tax that is charged in cash withdrawals as well as on payments by cheques. The measures also fix a much-criticized temporary bank-sector tax as a permanent element of the tax system.

POLAND: Poland added 750 million euros ($955.5 million) to its 3.375% bond, maturing July 2024, one of the banks running the deal said Monday. That takes the total amount outstanding to EUR2.5 billion, the bank said.

SLOVAKIA: Slovakia’s Prime Minister Robert Fico said Monday he was looking for the owner of a wallet crammed with cash and credit cards he found during his morning jog in the capital Bratislava. “I found a wallet full of money and credit cards when I was jogging this morning by the Danube river,” he told journalists at a press conference. “The owner can pick up his wallet at the government office,” he added.

ROMANIA: Solar power will eclipse nuclear energy in 2016 in Romania if investment in photovoltaic plants continues at the current pace, official figures released on Monday showed.

CROATIA: Croatian rights groups said Monday that the dramatic acquittal last week of two generals accused of war crimes against ethnic Serbs in the 1990s should not stop Zagreb from bringing to justice the perpetrators of wartime atrocities.

RUSSIA: Russian science-fiction writer Boris Strugatsky, famous for co-authoring Soviet-era novels critical of the authorities with his late brother Arkady, passed away on Monday at 79, his foundation said.

Margit Feher in Budapest and Marcin Sobczyk in Warsaw contributed to this article.

About Emerging Europe

Emerging Europe Real Time provides sharp analysis and insight into what’s making news in Central and Eastern Europe. Drawing on the expertise of our reporters in the Czech Republic, Hungary, Poland, Russia and Turkey, the site provides an inside track on economics, politics and business in this emerging part of the European continent.